EUR / USD - JOURNAL - ACTIVE SERIES

Updated
This is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED DAILY with comments and trade ideas.

| This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions |


In the following analysis, I highlight a possible SHORT / LONG scenario in the > EURUSD <

  • We focus on the technical KEY points and KEY areas which will be relevant in the next hours & days.

  • The highlighted scenario is supported by the higher timeframes, which we are ACTIVELY monitoring in an existing post.

  • This can be found under the following name: "EUR / USD - HTF JOURNAL - WEEKLY SERIES" (Listed under this post at "RELATED IDEAS")

  • As soon as the temporary direction of the price emerges, I will update the post accordingly, with entries, stop-loss & take-profit levels.



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MARKED POINTS OF INTENTION (POI)

  • We are at a superior "Point of Interest", which are the "Higher Low" from 2020 (1.06359) & the "Higher Low" from 1991 (1.06030).

  • These points are just fought over in the "higher time intervals" (day or week) and are decisive for the following movement direction.

  • (SHORT) If these two points are successfully broken, then the next approach target would be the "Higher Low" from 2023 (1.05160).

  • (LONG) If the market can hold these levels, then the next "HTF Resistance Level", the "Lower High" from 2022 (1.07868), will come into play.

  • In the smaller timeframes, a consistent momentum rise can be seen, which, however, does not have a heavy weighting in the valuation because we get a new "NEWS event" almost every day this week. For this reason, it becomes very volatile in the market, and every day it requires a re-evaluation.


# Positioning after confirmation of this thesis = LONG & SHORT


Z - Don't let the noise blind you; recognize its face and use it for yourself - Z

| ZielIstDieAutarkie |



If this idea and explanation have added value to you, I would appreciate a COMMENT or BOOST very much.
Thank you and happy trading!

Z
Note
! CAUTION ADVISED !
> NEWS RELEASE IN 45 MINUTES =„ISM Manufacturing PMI“<
Note
Unfortunately, I made a mistake and displayed next week's "Dates & News".
> The following chart represents the "THIS WEEK" relevant dates.

snapshot
Note
LEVEL UPDATE
snapshot
Note
To get an informed idea of what price levels could potentially be reached, I invite you to take a look at the following post. In it, I have marked the prominent key areas and zones of the higher timeframes (HTF) that could be of significant importance in the coming week.

EUR / USD – HTF JOURNAL - WEEKLY SERIES
Note
! CAUTION ADVISED !
> News Release in – 4 HOURS (USD) -:- CB CONSUMER CONFIDENCE -:-
Note
| RESULT INFLUENCE |
> The published data turned out -:- NEGATIVE -:- for the USD.
> This removes, from the FX majors & correlated markets, the selling pressure "TEMPORARY".

* As soon as the weakness in the DXY is confirmed, one can position -:- LONG -:- until the next NEWS release. *
Note
LEVEL UPDATE
snapshot
Note
-:- NO RELEVANT NEWS WILL BE PUBLISHED TODAY -:-
> The price will follow its normal price action without significant liquidity <
Note
LEVEL UPDATE
snapshot
Note
! CAUTION ADVISED !
> News Release in – 2 HOURS (USD) -:- FINAL GDP Q/Q -:-
> News Release in – 2 HOURS (USD) -:- UNEMPLOYMENT CLAIMS -:-
Note
| RESULT INFLUENCE |
> The published data turned out mostly -:- POSITIVE -:- for the USD.
> This increases, in the FX majors & correlated markets, the selling pressure "TEMPORARY".

* Once the strength in the DXY is confirmed, one can position -:- SHORT -:- until the next NEWS release. *
Note
LEVEL UPDATE
snapshot
Note
! CAUTION ADVISED !
> News Release in – 1 HOURS (USD) -:- CORE PCE PRICE INDEX M/M -:-
> News Release in – 2,5 HOURS (USD) -:- REVISED UOM CONSUMER SENTIMENT -:-
Note
| RESULT INFLUENCE |
> The published data turned out mostly -:- NEGATIVE -:- for the USD.
> This removes, from the FX majors & correlated markets, the selling pressure "TEMPORARY".

* As soon as the weakness in the DXY is confirmed, one can position -:- LONG -:- until the next NEWS release. *
Note
! CAUTION ADVISED !
> News Release in – 1 HOURS (USD) -:- ISM MANUFACTURING PMI -:-
Note
| RESULT INFLUENCE |
> The published data turned out -:- POSITIVE -:- for the USD.
> This increases, in the FX majors & correlated markets, the selling pressure "TEMPORARY".

* Once the strength in the DXY is confirmed, one can position -:- SHORT -:- until the next NEWS release. *
Note
! CAUTION ADVISED !
> News Release in – 2.5 HOURS (USD) -:- JOLTS JOB OPENINGS -:-
Note
| RESULT INFLUENCE |
> The published data turned out -:- POSITIVE -:- for the USD.
> This increases, in the FX majors & correlated markets, the selling pressure "TEMPORARY".

* Once the strength in the DXY is confirmed, one can position -:- SHORT -:- until the next NEWS release. *
Note
! CAUTION ADVISED !
> News Release in – 1,5 HOURS (USD) -:- ADP NON-FARM EMPLOYMENT CHANGE -:-
> News Release in – 3 HOURS (USD) -:- ISM SERVICES PMI -:-
Note
| RESULT INFLUENCE |
> The published data turned out majority -:- NEGATIVE -:- for the USD.
> This removes, from the FX majors & correlated markets, the selling pressure "TEMPORARY".

* As soon as the weakness in the DXY is confirmed, one can position -:- LONG -:- until the next NEWS release. *
educationEURHTFTechnical IndicatorsMultiple Time Frame AnalysisTrend AnalysisUSD

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